Centre plans to build a 50 MW solar power plant in XI Five-Year Plan

January 2nd, 2008 - 11:45 pm ICT by admin  

New Delhi, Jan 2 (ANI): The Ministry of New and Renewable Energy has launched a new scheme for installation of Megawatt Capacity Grid Interactive Solar Power Plants that will include setting up of a solar power plant of 50 Mega Watt in the 11th Five-Year Plan period.
This was stated by Minister of State for New and Renewable Energy Vilas Muttemwar here today.
The ministry has also declared generation-based incentive for the first time under which the government would provide financial assistance amounting to Rs.12 per KW hour in case of solar photovoltaic and Rs.10 per KW hour in case of solar thermal power fed to the electricity grid.
Muttemwar also said that the private sectors would invest 10 billion Rupees as developers.
He said that this incentive would be provided to the project developers at a fix rate for a period of ten years and clarified that this incentive will be worked out after taking into account the tariff provided by the utility to the solar power producer.
Muttemwar said this programme would be limited to an aggregate installed capacity of 50MWp of Solar Power during the 11th Plan period.
He also said that each State would be allowed to set up upto 10MWp aggregate capacity under this programme.
The scheme is expected to increase the direct and indirect employment opportunities.
On an average of each MW of solar manufacturing capacity generated it is likely to produce 25 to 40 direct jobs, and solar power plants are expected to create another 400 indirect jobs, a release from the Ministry stated. (ANI)

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in National |